Looking for answers before you want to reach out? Check out our list of FAQs below. If there is something we still have not addressed:
A mortgage is a loan you take out to pay for your new home. Mortgages work this way; you sign a legal contract promising to pay back the loan for your new home with interest and any other cost, usually between 10 to 30 years..............with your new home serving as a collateral for the loan.
Qualifying for a mortgage depends on whether or not you can pay back the loan over time. The amount you can afford to pay determines the type/amount of mortgage that you can qualify for.
When applying for a mortgage, the checklist you will need to provide would typically be for income verification, down payment, new purchases, and mortgage transfers or refinances. Kindly contact us for more information on a checklist of the items you need to provide.
A down payment is typically a smaller percentage (5-25%) of the total cost of the home you intend to buy, which you pay before moving in. At Get Approved Home Services, we give you an option for no down payment at all.
Yes you can. We can help you to smoothly navigate the entire process so you can also get what others get, without stress. Contact us to discuss your options!
Yes we do. If the only thing holding you back from becoming a happy home owner, we can surely help you with that. Contact us for more details.
Closing costs are the extra fees that are attached to the purchase of your home, apart from the actual purchase price.
A payment schedule is the timeline for paying back your mortgage loan, principal and interest. This is typically done in monthly installments. We can help you pick the payment schedule that would benefit you best.
A mortgage insurance is insurance paid out on home purchases where the down payment is less than 20%. This insurance protects the lender if you default on your mortgage.
Your mortgage insurance fee is the amount you pay to insurers for covering your mortgage insurance, and how much you would pay is determined by how much you are borrowing, and how much you have already put down. We can help you determine the exact amount you need to pay.